Bagworth Community Centre Trust (2013) Limited
Report and Flnanclal Statement8
For the year ended 31*1 March 2024
Reglstered Charity number: 1165947
Worklngweek Llmlted
2West End
Bariestone
Warwickshire
CV13 OEJ

Bagworth Community Cantre Trust {2013) Limited
Report and Flnanclal Statements
.Forthe year ended 31" March 2024
Contents
Page
Report of the Trustees
Report of the Independent Examiner
Statement of Financial Activitie8
Balance Sheet
Notes to th8 Financial Statements

Bagworth Community Centre Trust (2013) Limited
Report of th8 Trustees
Forthe year ended 31" March 2024
The Trustees present their report together with the ftnancial statements of the charityfor the year
ended 31" March 2024
Organlsational structure
The Company was established under a Memorandum of Association which established the
objects and powers of the charitable company and is governed under it8 Articles of Association.
The organisation is a charitable company limited byguarantee. incorporated on 3 April 2013 and
registered as a charityon 27 February2014. The companywas established undera Memorandum
of Association which established tha objects and powers of the charitsble company and is
governe(i under its Articles of Associatlon. Inthe event of the cornpany beingwound up members
are required to contribute an amount not exceeding E1.
Govern8nce and Management
The Trust has four Dlrectors plus a smslL number of volunteers who regularly attend arid
participate in Trust Leadership meetings. known as Management Committee Meetings. and
events. There Is a good mix of user group representatives, business skills and social diversity
wlthln the Commlttee. Notices promotlng the Trust's work are dlsplayed In the bulldlng and
anyone who Ss interested in supportlng ourwork Is invlted to become more Involved. Expressions
of interest to be a Director are w8lcomed and prospective Trustees are appointed by the existlng
Board of Directors following the procedures detailed in paragraphs 33-35 of th8 Articles of
Association.
All members of the Management Committee give their time voluntarily and receive no benefits
from the charlty. The Trust's annual accounts are revlewed by an Independent person In the
interests ol transparency. The Communlty Centre bulldlng. which the Trust was established to
run and operate, is owned by Bagworth and Thornton Parish Council.TheTrust leasesthe building
forthe surn of E1 peryear under a 6-yearagreement. TheTru8t18 managed entirely independently
of the Parlsh Councll.
ObJ8GtIvo8 and aotivities
Our charity's purpose as set out in the objects contained in the Comp8nVs memorandum of
88sociation are specific8lly restricted to the following:
{1} To further or benefit the residents of Bagworth and the neighbourhood. without distinction of
Sex. Sexual orientation, race or of political. religious or other opinions by associating togetherthe
sald residents and the locat authoTlties, voluntary and other O￿anIsatiOnS in a cornmon effort to
advance education and to providefacilities in the interests of socialwelfarefor recreation leisure
time occupation with the objective of impr¢)ving the conditions of life for the resl¢Jents. In
lurtherance of these objects but not otherwise, thetrustees shall hava power:
(21 To establish or securethe establishment of 8 communtycentre and to maintain or manage or
co-operatewith any statutoryauthorityin the maintenance and management of such a centrefor
activities promoted bythe charity in furtherance ofthe above objects.
The Trust continued to make the Community Centre available for the use of villagers from
Bagworth, Thoriiton, Merry L8es and the surrounding area.

Bagworth Cornmunlty Centre Trust (2013) Llmlted
Report of the Trustees
Forthe year ended 31" March 2024
The Trustees conttnued to promote the Centre as a venue for prlvate use with regulareditorial in
the local press and on our website and social media pages.
A preschool operates from the Centre, providing a popular essential service to localyoungsteis.
A number of classes are held at the Community Centre by third parties including stay and play
and sign language groups for young children. danclng classes for children and adutts, martial
arts, d￿rna, yoga and wellness and others. In addition. there is a regular drop-in Sociaigroup for
retired people and the local branch of the Women's Institute hold their meetings at the
Community Centre once a month.
The H81ts are also popularwith locals wishingto hold one-off personal events.
We continue to work with Forever Savvy, who provide work experience for adults with learning
difficulties. They open the coffee 8hop every weekday and the number of regular customers has
continued to increese.
Achlev8ments and Performance
Bookings hav8 continued to rl8e durlng the yesr, demonstratlng the importance of this centre to
the local community. The Trust continue to control operating and administrative expense8 88
much as possible, although energy price increased end repairs and maintenance have
considerably affected the business.
The trustees confirm that they have pald due regard to Charity Commission guidance on public
benefit in d8cidingwhat 8Ctivities to undertake.
Flnan¢l8l rovlow
The Trust has 8 Reserves policy in place. 'Maintenance this fund has been created to coverthe
costs of redecoratlngthe Inside ofthe Centre within 5years, as required bythe buildingiease. The
target for thi8 tund within that period is 85000. General the charity has acknowledged the fact
that a general reserve should be held to cover unexpected expenses and cash flow timings. The
gene18L reserv8 is de8m8d sufficient to cover this risk.
Reservos pollcy
The Trust has a Reserves pollcyln place. 'Maintenance this fund has been created to COV8rthe
costs of redecoratingthe inside ofthe Centre within 5years, as required bythe buildinglease. The
target for thi8 fund within that period 58 85000. General the charity has 8cknowiedged the fact
that a general reserve should be held to cover unexpected expenses and cash flow tlmings. The
generaL reserve is deemed sufficientto cover this fisk.

Bagworth Community Centre Trust {2013) Llmited
Report of the Trustees
Fortheyear ended 31" March 2024
Future developments
Fundraising and funding Bagworth and Thornton Parish Council will continue to make 8
substantial contribution tOW8rds the overheads of the Centre as part ot its remit to facilitate
community cohesion. The Trust has no reason to believe that Bagworth and Thornton Parish
Council will not continue to contribute to the overheads of the Centre in the foreseeable future.
Investment policy The Trust did not mak8 any investments over the reporting period. All funds
generated are used to improvethe facillties for Centre users.
Trustae8
The trustees holdingoffice duringthe whole year unless otherwlse st8ted were as follow8:
RobertAu8tln
steve Dowell
Robert Miles
Donn8-Mari8 Newman-Treasure
Trustees. r88pon8ibllltle8 In relatlon totha financlal statoments
Law applicable to charities in England and Wales requ5res the trustees to prepare fin8nci81
8tatements lor each financial year which give a true and fair view of the charity's financial
activities duTing the year and of its financial position at the end of the yeai. In preparlng those
flnancial statements, thetrustees are reouired to:
select suitable accounting policies and then applythem consistently;
make judgments and estimates that are reasonable and prudent;
state whether applicable accounting st8ndards and Statements of recommend8d
practice have b8en followed subject to any departures disclosed 8nd explained in the
financl81 statements: and
prepare the financial statements on the going concein b8818 unless It Is Inapproprlate to
presume thgtthe charitywill continue in business.
The trustee8 are responsible for keeping accounting records which disclose wtth reasonable
accuracy at any time the financia( position of the charity and enable them to ensure that the
financi81 st8tements comply with the Charlties Act 2011.They are also responsible for
8afeguarding the asset8 Ot the charity and hence for taking reasonable steps for the prevention
and detection of fraud and other irregularities.
Approved bythe trustees on...
and signed on their behalf by
Haro
Corri
Trustee

Independent Examlner's Report to the Trustees of Bagworth Communty Centre Trust
(2013) Limited
I report on the accounts of Bagworth Community Centre Trust12013) Limited for the year ended
31" March 2024. which comprise the statetnent offinanci31 activities. the balance sheet and the
related notes.
Respective responsibilities ottrustees and examlner
The charity's trustees are responslble for the preparation of the accounts. The charitys trustees
considerthat an audtt is not required forthisyear undersection 144of the Charities Act 2011 {the
Charities Act) and that an independent examination is needed.
It is my responsibiLityto:
examine the accounts under section 145 of the Charltles Act;
to follow the procedur88 l8id down In the general Directions given by the Charity
Commission (under section 14515) {b) of the Ch8ritles Act); 3nd
to state whether particular matters have come to my attention.
Bas18 of Independent examiner'8 report
My examination was carried out in accofdance with the G8neral Directions given by the Charity
Commission. An ex8min8tion includes a reviewof the accountlngrecords kept bythe ch8rityand
comparison oftha account8 presented with those records. It also includes conslderation of any
unusual items or di8closur88 in the accounts and seeklng explanatlons from you 88 trustees
concerning any such matters. The procedures undertaken do not provide all the evidence that
would be required in an audit, and consequently no opinion Is glven as to whether the accounts
present a 'true and fair. vlew and the report is limited to those matters set out in the statement
below.
Independent examlner'8 8tatement
In connection with my examlnatlon. no matter has come to my 8ttention:
which gives me reasonablec8us8to believethat in anymaterlalr8spectthe requirement8
to keep accounting records in accordance with section 1300tthe 2011 Act; and
- to prepare accounts which accord with the accounting records and to comply with the
accounting requirement8 of the Charities Act
have not be8n met; or
2. to which, in my opinion. attention should be drawn in orderto en8b18 a proper
understanding of thefinancial statementsto be r88ched.
Marzena Wright
2West End
Bariestone
Warwickshire
CV13 OEJ
Date:

Bagworth Community Centre Trust {2013) Llmlted
Statement of Financial Activities
Fortheyear ended 31" MarGh 2024
Notes
2024
2023
Unr8Strlcted Restricted
Income Donations
7,520
Income from charitable activities
Total Income
Expenditure
Rsisingfunds
2.878
Charitable Activities
Total Expenditure
Net Inoomel(Expendltura)
-31,628
4.271
Total Funds Brought Forward
Total Funds Carrl8d Forward
The notes form part of these financial statements

Bagworth Communlty Centre Trust {2013) Llmlted
Balance Sheet 31° MarGh 2024
Notes
2024
2023
Fixed assets
Tangible assets
2.489
3,187
Current assets
Debtors
Cash at bank and in hand
4.735
4.006
11,103
45,138
CrèdFtors:
Amounts falling due within one year .
3.422
6,527
Net current a￿et¥
Total assets less Gurrent liabllltle8
Funds
Unrestricted and Designated
4,370
35.998
Restricted
5,800
5,800
Approved bythe Trustees on.... ...
and signed on their behalf by
Har
Idc
Trustee
The notes form part of these financial statements

Bagworth Communlty Centre Trust {2013) Limited
Notes to the FinanGial Ststem8nts
For the year ended 31" March 2024
1.Accountlng Pollcl8S
The financial statements have been prepared in accordance with Accounting and Reporting by
Charities: Statement of Recommended Practice appliGableto charities preparing their accounts
in accordance with the Financial Reporting Standard for Smaller Entities published on 16July
2014 and the Financial Reporting Standard for Smaller Entities (effective April2015).
a) Accounting conventlon
The financial statements are prepared under the historical cost convention. and on a going
concern basis.
b) Income recognltlon
Income is recognised in the period towhich it relates.
c) Expandlture
Expenditure is accounted for as It becomes due and h8s been allocated to 8Ctivities on a basis
consistentwith the use of resources.
d) Tangible flxed a88ets
TanglbLe flxed 888ets are stated in the balance sheet at their acqulsition c08t 188s accumulated
depreciatlon. Depreclatlon Is provided on all tanglble fixed assets, to write of the cost less
estimated residuaLvalue of 88ch asset over its expected useful Life as follows:
- Plant and Machinery- 25% on cost
Fixture and fittings- 25% on cost
- Computer equipment-25¥0 on cost
o) Taxatlon
The activities ofthe chartyare exempt from taxation on the net Incoming resources.
f) Funds
Unrestricted funds are available to be used for purposes within the objects of the charity 8t the
discretion of the truste8s. Restricted funds can only be used for speclllc restrlcted purposes
wlthln the objects of the charity. The restrlctlons are specified by the donor or when funds are
ralsed tor partlcular restricted purpo8es.
2.Donatlon- Income
2024
2023
Donatlons and Legacles
7,520

Bagworth Communlty Centre Trust {2013) Limited
Notes to the Flnanclal Statements (Gontinued)
Fortheyear ended 31" March 2024
3. Incomg from the charitable aGtivities:
2024
2023
Coffee Shop
Room hire
3,705
3,668
4. Expenditur08 ol Charlt8ble aotivitles
2024
2023
Purchases
2,122
Electric, gas, water
24,752
6,789
Wages
15,767
11,548
Telephone
420
469
Travelling
33
Llcences and Insurance
1,178
906
Repalrs and renewals
11,528
5.727
Household and cLeanSng
3,877
4.303
Events
2,676
Software & IT
2,072
1,231
Accountancy
1,080
3,075
Subscriptions
339
865
Bad debts-
235
Bank charges
24
Depreciation
5. Staff costs W8g85
2024
2023
Wages
15.767
11,548
The average number of employees duringthe yearwas 2

Bagworth Community Centre Trust (2013) Limited
Notes to the Financlal Statements (continued)
Fortheyear ended 31" March 2024
6. Tangible flxed assets
Plant and
Machinery
Fixture and
fittings
Computer
equipment
Totals
COST
At 1 April 2023
Additions--
At 31 March 2024
2,942
6,200
9,142
DEPRECIATION
At 1 April 2023
Charge foryear-
At 31 March 2024
2,942
3,013
5,955
NETBOOKVALUE
At 31 March 2024-
At 31 Merch 2023-
7. Debtors: Amountsfaiilng due wlthln one year
2024
2023
Trade debtors
Other debtors
2,922
2,667
8. CredltOr8: Amountslalllng duewlthln one year
2024
2023
Trade creditors
Taxation and social security
Other creditors
1,499
26
1,676
657
9. AnalyBl$ of net a559ts arnong funds
Unrestrlctad R&strlcted
Total
Tangible Fixed Assets
Cash at bank
Other current assets
Current liabilities
2.489
568
4,735
2,489
6.368
4,735
5.800